Urgent Sale | 3.2% Below OP | 2 BR in 330 Riverside Crescent

Overview of the deal

This is a resale of an apartment still under construction at 330 Riverside Crescent, a Sobha Realty building in Sobha Hartland II, Bukadra. The owner is asking AED 2,200,000 for a two-bedroom unit with a lagoon view, and handover is expected in June 2027.

The owner states the price as AED 71,998, or 3.2%, below the original price plus the 4% DLD fee, a combined figure the owner gives as AED 2,271,998. The discount is measured on that basis, not against the original price alone. Among off-plan properties Dubai owners are reselling, this one leaves a single payment after transfer.

The unit

• Type: two-bedroom apartment

• Size: 946 sq ft

• Floor: between 24 and 29 (exact floor to be confirmed)

• View: lagoon

• Balcony: yes

• Expected handover: June 2027

At 946 sq ft, this is a compact 2 bedroom apartment Dubai couples, small families or sharers could use as a first home, or that a landlord could lease once it is complete.

The building and community

330 Riverside Crescent is in Sobha Hartland II, in the Bukadra area. Sobha Realty is a familiar name in Dubai real estate, known for the Sobha Hartland communities and for the attention it gives to build quality, so buyers who already follow Sobha projects will recognise the name on the contract.

Unlike completed Sobha Hartland apartments, this building cannot yet be viewed as finished. No amenity list was supplied, so facilities should be confirmed with the seller or developer rather than assumed.

Price, discount and payment position

The owner's figures, which should be verified at enquiry, are:

• Original price plus 4% DLD: AED 2,271,998

• Selling price: AED 2,200,000

• Discount on that basis: AED 71,998 (3.2%)

The costs due on transfer are:

• Payment to seller: AED 1,763,724

• DLD transfer fee (4% of original price + AED 40): AED 87,425

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% + VAT): AED 46,200

The owner gives the total on transfer as AED 1,902,599 and the total cost for the buyer, including the handover payment, as AED 2,338,875. The remaining payment plan Dubai buyers take on here is a single instalment of AED 436,276 on handover.

Why this deal and for whom

This suits someone who wants to buy property in Dubai within an established developer's community, can fund most of the price on transfer, and is comfortable waiting until mid-2027 for the keys. The owner's discount is modest, so the case rests on the unit, the view and the timing more than on price.

It is not a guaranteed gain. Values at handover, construction progress and future rents are all uncertain, and Dubai property investment decisions should rest on verified documents rather than on the discount figure. Compared with buying new in off-plan projects Dubai developers are launching, a resale like this shortens the wait but carries the seller's original terms.

What happens next

Resales of properties for sale in Dubai follow a set order of checks, and this one is no different.

• Contact us to confirm availability and the current asking price.

• Review the original sale and purchase agreement, floor plan, developer's statement of account and construction status.

• Agree terms and sign the sale agreement with the seller.

• Obtain the developer's no objection certificate for the resale.

• Complete the transfer at a trustee office, paying the amounts listed above.

As the real estate agency Dubai buyers contact for this unit, Mahboob Estate confirms the current status with the owner before any commitment. If this unit does not fit, we can show you other apartments for sale in Dubai within your budget.

FAQ

How is the 3.2% discount calculated?

The owner compares the AED 2,200,000 selling price with the original price plus the 4% DLD fee, given as AED 2,271,998. The difference is AED 71,998.

How much is left to pay after transfer?

AED 436,276, due on handover, which is expected in June 2027.

Is the handover date fixed?

June 2027 is the expected date. Construction timelines can move, so confirm the current schedule with the developer at enquiry.